This prime 4 unit asset located in the iconic West Adams neighborhood of Los Angeles is available. With a potential cap rate of 9.8, buying this building is a no-brainer from an investment perspective. Currently three units are occupied and one unit will be delivered vacant. Each unit has washer and dryer hookups in the unit and each unit has its own garage space (total 4 garage spaces) making it easy to rent out to prospective tenants. When you own buildings like this there will not be a lot of turnover. The units are almost 1200 sq feet each, could easily be converted into two bedrooms which would yield even more rent and an even better cap rate. There is space in the back for additional parking or to build an ADU to further get additional rents. If you’re looking for a great as-is or value add investment then you don’t want to miss this one.
Property Details
Price:
$1,200,000
MLS #:
24448595
Status:
Active Under Contract
Baths:
0
Address:
2810 Somerset Drive
Type:
Residential Income
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Oct 11, 2024
State:
CA
ZIP:
90016
Lot Size:
6,290 sqft / 0.14 acres (approx)
Year Built:
1929
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Dishwasher
Cooling
Wall/ Window Unit(s)
Flooring
Wood
Heating
Central
Exterior
Garage Spaces
4.00
Parking Features
Assigned
Parking Spots
4.00
Stories Total
2
View
City Lights
Financial
Map
Community
- Address2810 Somerset Drive Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90016
Similar Listings Nearby
- 915 Enterprise Avenue
Inglewood, CA$1,550,000
4.13 miles away
- 1409 Arlington Avenue
Los Angeles, CA$1,550,000
1.51 miles away
- 2315 Carmona Avenue
Los Angeles, CA$1,550,000
1.52 miles away
- 1711 S Burlington Avenue
Los Angeles, CA$1,550,000
3.23 miles away
- 8759 Cashio Street
Los Angeles, CA$1,550,000
3.04 miles away
- 1308 S Van Ness Avenue
Los Angeles, CA$1,550,000
1.67 miles away
- 1316 S Hudson Avenue
Los Angeles, CA$1,525,000
1.37 miles away
- 749 N Vista Street
Los Angeles, CA$1,525,000
3.86 miles away
- 155 S Alvarado Street
Los Angeles, CA$1,500,000
4.45 miles away
- 1116 S Berendo Street
Los Angeles, CA$1,500,000
2.84 miles away
Courtesy of Big Block Platinum. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
2810 Somerset Drive
Los Angeles, CA
LIGHTBOX-IMAGES